its now or never!!!

chunkyu

i have update and revised my SOA from the advise given, have also worked out my average earnigs over my last six months pay, is the right way of doing it?
my partner also owns the car that i drive, but i have to pay for the maintance of it ie: petrol, tax, insurance, mot. can i still claim this on my SOA?

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 700
Partners monthly income after tax....... 550
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1250
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 495
Management charge (leasehold property).. 0
Council tax............................. 110
Electricity............................. 40
Gas..................................... 50
Oil..................................... 0
Water rates............................. 48
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 300
Clothing................................ 10
Petrol/diesel........................... 50
Road tax................................ 12
Car Insurance........................... 20
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 12
Entertainment........................... 0
Holiday................................. 25
Emergency fund.......................... 15
Total monthly expenses.................. 1289

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 0

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
cahoot loan....................4543......0.........0
cahoot credit..................1086......0.........0
egg loan.......................2174......0.........0
rlp............................1140......0.........0
tessera portfolio..............369.......0.........0
hbos...........................4588......0.........0
egg credit card................1357......0.........0
natwest overdraft..............1500......0.........0
money shop.....................250.......0.........0
citi financial.................861.......0.........0
Total unsecured debts..........17868.....0.........-

Monthly Budget Summary
Total monthly income.................... 1,250
Expenses (including HP & secured debts). 1,289
Available for debt repayments........... -39
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -39
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -17,868
Net Assets.............................. -17,868


i hope someone can have a look and tell me if this looks better?
and also how far back do i need to go regarding when i first got into debt. also if i post on here why i got into debt would someone be able to tell me if it will be ok. or shall i not post it on here
thanks for your help

fiveyearplan

chunkyu wrote: »

hi again how do i find the court i need to go to? im confused and can't work it out please help

Have a look here

http://www.hmcourts-service.gov.uk/
Phone them to make sure that is the correct one for bankruptcy and also what kind of procedure it is (some you make an appointment and some offer walk in service).

Good luck.

stintond

i would suggest that in order for the debts to be included in the bank ruptcy , then you will need to include them in the forms , I had this issue with my secured loans. I appreciate the situation but the extra effort of finding out the debts will be worth it in the end

fiveyearplan

The debts would be included whether they are listed or not.

beentheredonethatstilhere

chunkyu wrote: »

i have update and revised my SOA from the advise given, have also worked out my average earnigs over my last six months pay, is the right way of doing it? Yes that will be fine. Just make a note that is what you have done.
my partner also owns the car that i drive, but i have to pay for the maintance of it ie: petrol, tax, insurance, mot. can i still claim this on my SOA? Yes, that will be fine. Just put the car under vehicles you have use of.

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 700
Partners monthly income after tax....... 550
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1250
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 495
Management charge (leasehold property).. 0
Council tax............................. 110
Electricity............................. 40
Gas..................................... 50
Oil..................................... 0
Water rates............................. 48
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 300
Clothing................................ 10
Petrol/diesel........................... 50
Road tax................................ 12
Car Insurance........................... 20
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0 You really do need to get this, especially with accidental damage. Useful when the freezer motor goes.
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10 Most OR's won't allow this, a few do. But take it out to bring your deficit down.
Haircuts................................ 12
Entertainment........................... 0
Holiday................................. 25
Emergency fund.......................... 15 Most OR's won't allow this, a few do. But take it out to bring your deficit down.
Total monthly expenses.................. 1289

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 0

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
cahoot loan....................4543......0.........0
cahoot credit..................1086......0.........0
egg loan.......................2174......0.........0
rlp............................1140......0.........0
tessera portfolio..............369.......0.........0
hbos...........................4588......0.........0
egg credit card................1357......0.........0
natwest overdraft..............1500......0.........0
money shop.....................250.......0.........0
citi financial.................861.......0.........0
Total unsecured debts..........17868.....0.........-

Monthly Budget Summary
Total monthly income.................... 1,250
Expenses (including HP & secured debts). 1,289
Available for debt repayments........... -39
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -39
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -17,868
Net Assets.............................. -17,868


i hope someone can have a look and tell me if this looks better?
and also how far back do i need to go regarding when i first got into debt. also if i post on here why i got into debt would someone be able to tell me if it will be ok. or shall i not post it on here
thanks for your help

Start at the begining of your financial history if you need to. Some start when they were 18 and go from there. Pop it up when you've done it and some one will check it for you.

chunkyu

how detailed do they need it to be? i can barely remember last year never mind 5/10 years ago.
through stress and depression I've blanked most of those last few years out. this whole process scares me loads.

how do i get contents insurance if i can't afford the bills i already have?
im so confused

beentheredonethatstilhere

chunkyu wrote: »

how detailed do they need it to be? i can barely remember last year never mind 5/10 years ago.
through stress and depression I've blanked most of those last few years out. this whole process scares me loads. Just explain as much as you can remember. Try not to panic about things to much.

how do i get contents insurance if i can't afford the bills i already have?
im so confused

You can't at the moment, but try to make it a priority as soon as you can.

Also go onto www.entitledto.co.uk and check you are getting all the benefits you are entitled to.

sniggings

go for it!

Flowerpot_2

chunkyu wrote: »

should i post on here the reason why i got into debt in the first place on here?

Why should you not chunkyu?
Flowerpot x

chunkyu

where did it start going wrong?

i think it was about 9/10 years ago i took out a loan with my then girlfriend except that i had it in just my name, at the time i got the loan it was for improvement to the house and for driving lessons and a car. then a few months later we split up an i was left to pay the debt on my own. i was doing agency work which wasn't regular hours by then and started to struggle. I then applied for a couple of credit cards and got them intially to help me out which i know was silly now, but ended up relying on them more and more.
Then to top it off i lost my job i ws naive and didnt read the paperwork that came with the loans and credit cards. and didnt relaise that i was covered by payment protection. and of course i was getting charges and penalties incurred, no one had explained it to me.
So again i was struggling even further I applied for yet another loan to try to sort the debts i had already accured and was accepted to my disbelief but even with my good intentions work wasn't giving me the hours and i was relying more and more on the loan for my day to day needs.
Istarted to panic when i started gettig the letters and phone calls threatening legal action against me. I admitally started burying my head and running away from it thinking that it would all go away.
Eventually i faced up to it and contacted the companys and offered a small amount which some accepted, some didn't. I continued along that path for a while then went into a debt management programme where i was paying £100 a month by then i was back in regular work then just as i thought things were getting better i was told that i needed to find other accommadation, and had to move into some where more expensive, so i had to stop paying into the debt management programme.
I didnt know what to do or where to turn people were telling me it was my fault and i had to sort it myself.
I wasthen at a very low point in my life i'm not sure of all the debts i have run up.
In 2004 i started a new relationship and got into another dmp where i was paying £150 per month, i was in a steady job everything was fine, but in november 2006 i was dianogsed with depression had a bit of time off then my relationship ended in early 2007, i lost my job, and pretty much everything, i was living in boston lincs at the time and had to move to peterborough to live with my sister, i left with nothing, no job, no money as i was stupidly having my wages paid into my ex girlfriends account so had no cash coming in. icouldnt pay into the dmp again. i had to sign on for job seekers allowance and find somewhere to live as my sister could only put me up for a couple of weeks. i eventually found somewhere but the rent was high and with no job i was already in arrears with the land lord though thankfully he was understanding. I managed to get a job but was only able to get a few hours a week enough to cover my rent and food and travel costs.
I got in touch with the citzens advice beareu abot whati should do and they advise me with the amount of debt i have and with my level of income that i should go bankrupt, i also called payplan and they also advised the same.
This is not a decision i have come to lightly but feel that it is only the only way i can have a fresh start, i have made mistakes. and i hope i have learnt from them, i will not make the same mistakes again. this is why i've decided to go bankrupt

is this what i need to put in the reason box?